Business Standard

Apple to boost salaries for US workers by more than 10% as inflation bites

Apple is now accelerating its annual performance-based pay increases for retail and corporate team members by three months

Photo: Bloomberg
Premium

Photo: Bloomberg

Mark Gurman and Josh Eidelson | Bloomberg
Apple Inc. is raising salaries for workers in the US by 10 per cent or more as it faces a tight labor market and the spread of unionization efforts across its retail stores.

The Cupertino, California-based company is expanding its overall compensation budget this year, it said in a statement Wednesday. It will hike minimum hourly pay for its staff to at least $22, up 10 per cent on last year. The move follows a pay bump in February after inflation woes and complaints from some staffers about working conditions during the Covid-19 pandemic. 

Apple is now accelerating its annual

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 26 2022 | 10:00 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com